Column: Recent red-hot stock market, shaky economy not at odds

The recent stock market highs during the past few months have many folks confused.

“How is it,” they ask, “that stocks are performing well, while the economy falters?” This is a good question that merits an answer.

The Wall Street numbers that we hear on the news are an index of the minute-to-minute assessment of buyers and sellers, half of whom think prices are too high while the other half think them too low.

This story appears in the print edition of Daily Journal. Subscribers can read the entire story online by signing in here or in our e-Edition by clicking here.

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.